Bharti Hexacom shares surge over 9% after JPMorgan initiates Overweight rating, predicts 20% upside

Bharti Hexacom surged over 9% to Rs 1,165 on Tuesday after JPMorgan initiated coverage with an 'Overweight' rating and a target price of Rs 1,280, suggesting a 20% upside from the previous day's close. The brokerage views Bharti Hexacom as a top player in India's market repair segment.